In a move to bolster trade relations and regulatory alignment, Stanbic IBTC Bank Plc has hosted a high-level strategic trade forum that brought together key stakeholders from regulatory bodies, the private sector, and international trade experts.
The event, held in Lagos, aimed to foster dialogue on Nigeria’s evolving trade landscape and improve client and regulator engagement.
Themed “Facilitating Trade Growth through Partnership and Innovation,” the forum featured senior executives from the Nigerian Customs Service, the Central Bank of Nigeria (CBN), and the Nigerian Export Promotion Council (NEPC), alongside business leaders and trade finance professionals.
Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, emphasized the importance of collaboration in creating an enabling environment for trade. “Trade is vital to economic growth, and banks like ours must work closely with regulators and clients to identify pain points and design better solutions,” Adeniyi said.
Speakers highlighted reforms in trade documentation, digitization of the Form M process, and streamlining of cross-border payments as pivotal to unlocking Nigeria’s trade potential.
Participants praised Stanbic IBTC’s role in bridging the gap between the private sector and policymakers, pledging support for improved policy execution and trade facilitation.
The forum reinforces the bank’s commitment to enhancing financial services through dialogue-driven partnerships that support economic development
